---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-006056"
form_type: "8-K"
ticker: "AGYS"
cik: "0000078749"
company_name: "AGILYSYS INC"
filed_at: "2024-01-22T23:59:59+00:00"
generated_at: "2026-06-06T20:51:10.212098+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Agilysys Q3 revenue record $60.6M (+21% YoY); raises FY24 EBITDA guidance to 15% of revenue

## Summary
- Net revenue record $60.6M, up 21.3% YoY; subscription revenue grew 29.9%.
- Net income $76.9M includes $65.1M tax valuation allowance release; adjusted EPS $0.35 vs $0.26.
- Adjusted EBITDA $11.8M (19.4% margin) vs $8.1M; FY24 EBITDA margin guidance raised to 15%.
- FY24 revenue guidance maintained at $235-$238M; subscription revenue growth of 28% YoY.
- Free cash flow $11.3M; ending cash balance $116.2M.

## SEC filing metadata
- accession: 0000950170-24-006056
- form_type: 8-K
- ticker: AGYS
- cik: 0000078749
- company_name: AGILYSYS INC
- filed_at: 2024-01-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/78749/000095017024006056/0000950170-24-006056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/78749/000095017024006056/agys-20240122.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-006056
- JSON: https://secwatch.observer/filing/0000950170-24-006056.json
- Plain text: https://secwatch.observer/filing/0000950170-24-006056.txt

## Key facts
- Earnings Releases
  AGILYSYS INC reported fiscal 2024 third quarter ending December 31, 2023 results: revenue $60.6 million, net income $76.9 million, or $2.85 per diluted share. Guidance raised.
  - Period: fiscal 2024 third quarter ending December 31, 2023
  - Revenue: $60.6 million
  - Net income: $76.9 million, or $2.85 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: results for its fiscal 2024 third quarter ending December 31, 2023. Summary of Fiscal 2024 Third Quarter Financial Results • Total net revenue increased 21.3% to a record $60.6 million, compared to total net revenue of $49.9 million in the comparable prior-year period. • Recurring revenue (comprising subscription and maintenance charges) was a record $35.1
  evidence_url: https://www.sec.gov/Archives/edgar/data/78749/000095017024006056/0000950170-24-006056-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.